Major Biden tax hikes eyed for next bill (not final) include:
– Corporate rate 21->28%
– Global min tax to 21%
– Top income rate to 39.6%
– End fossil fuel subsidies
– Tax investment gains > $1M as wage income
– Tax assets passed on at deathNO to SALThttps://t.co/SCpSHH5OHr
— Jeff Stein (@JStein_WaPo) March 23, 2021
Joe Biden is planning what would amount to the biggest set of tax increases since 1993. Here's a ranking of tax measures, from the most likely to pass by 2022 https://t.co/aHN5EuKfzE
— Bloomberg Economics (@economics) March 24, 2021
Pelosi says Democrats are discussing adding a provision to upcoming infrastructure legislation that would let the government negotiate drug prices https://t.co/xHsMSnlvsX
— Bloomberg Asia (@BloombergAsia) March 23, 2021
US Bipartisan China Bills Coming Down The Pike, @PunchbowlNews Reports pic.twitter.com/aWJwkYSCES
— LiveSquawk (@LiveSquawk) March 24, 2021
At a hearing of the House Financial Services Committee, Treasury Secretary Janet Yellen repeated an optimistic view that the U.S. response to the shutdown could get the country back to full employment by next year. More here: https://t.co/eHQ40rLZOx pic.twitter.com/t4CtJPohgK
— Reuters Business (@ReutersBiz) March 23, 2021
Federal Reserve Chair Jerome Powell downplayed concerns about the possibility of inflation raised by some lawmakers pic.twitter.com/jX8vLKPcOK
— Reuters Business (@ReutersBiz) March 24, 2021
Brainard Says Fed to Be Patient as U.S. Recovery Strengthens https://t.co/J9cwof85xM
— Bloomberg Asia (@BloombergAsia) March 23, 2021
Atlanta Fed President Bostic expects the U.S. economy to grow 6% this year, with inflation overshooting the Federal Reserve’s 2% target https://t.co/gze1ZvWCew
— Real Time Economics (@WSJecon) March 24, 2021
#Covid_19: Daily Summary (March 24th)
➡ News
➡ Regional/national data
➡ Vaccine trackerhttps://t.co/emPUveagxP— Christophe Barraud (@C_Barraud) March 24, 2021
US, #China look to shore up ties with allies after Alaska clash – SCMPhttps://t.co/zH7SFZWh7v
— Christophe Barraud (@C_Barraud) March 24, 2021
Asia Stocks to Slip After U.S. Drop; Bonds Rally: Markets Wrap https://t.co/P8Q7i3IX0i
— Bloomberg Asia (@BloombergAsia) March 23, 2021
Hong Kong and Macau temporarily suspended Covid-19 vaccines manufactured by BioNTech because of a packaging defect, dealing a blow to inoculation drives seen as key to reviving the cities’ economies https://t.co/O6Buw9Mn57 pic.twitter.com/n70nUwWg5U
— Bloomberg TV (@BloombergTV) March 24, 2021
BREAKING: Singapore will relax workplace measures to allow more people to return to offices and permit larger gatherings, as the city-state gets its virus situation under control https://t.co/7PWgeTSong pic.twitter.com/vzQUKhV4IB
— Bloomberg Asia (@BloombergAsia) March 24, 2021
China stocks fall, lagging the world in March by the most since 2017.
Tencent edges up ahead of its earnings report later today https://t.co/IZpOjuFwcD pic.twitter.com/D2y3jUvIPH
— Bloomberg Next China (@next_china) March 24, 2021
Shelved #IPOs Surge in #China After Watchdog Tightens Scrutiny – Bloomberghttps://t.co/LHVnanvdAH
— Christophe Barraud (@C_Barraud) March 24, 2021
#CHINA IS SAID TO MULL STATE-BACKED COMPANY TO OVERSEE #TECH DATA – BBG
— Christophe Barraud (@C_Barraud) March 24, 2021
#China | #PBOC hasn’t made net liquidity injections since last month – Bloomberg
*Gauges of interbank borrowing costs remain elevated as a result, with both the benchmark seven-day and overnight repurchase rates above their one-year averages. pic.twitter.com/OOR7T2amH2— Christophe Barraud (@C_Barraud) March 24, 2021
BOJ debated future scope to assist green, digital investment – January minutes https://t.co/2Qd3xXYkxt pic.twitter.com/IBziGtUMKw
— Reuters Business (@ReutersBiz) March 24, 2021
#BOJ BOUGHT 70.1 BILLION YEN OF ETFS ON WEDNESDAY, 20 BILLION YEN MORE THAN MONDAY – BOJ DATA – RTRS
— Christophe Barraud (@C_Barraud) March 24, 2021
au Jibun Bank #Japan March Flash Mfg PMI 52 v 51.4 prior
au Jibun Bank Japan March Flash Services PMI 46.5 v 46.3 prior
au Jibun Bank Japan March Flash Composite PMI 48.3 v 48.2 prior
*Link: https://t.co/Hc7IAZMbfd pic.twitter.com/yJaN9DCZP6— Christophe Barraud (@C_Barraud) March 24, 2021
India’s government is considering resuming fresh bankruptcy filings after the current suspension expires on March 25, sources say https://t.co/BYRI4t4Hu2
— Bloomberg Economics (@economics) March 24, 2021
North Korea Fired Cruise Missiles Off West Coast On Sunday – Yonhap Sources https://t.co/bQw2fDWm7j
— LiveSquawk (@LiveSquawk) March 23, 2021
U.S. officials said North Korea tested a short-range weapon system over the weekend but downplayed the significance of the actions https://t.co/iyVy3v6TT9
— Bloomberg Asia (@BloombergAsia) March 23, 2021
China’s Ability To Invade Taiwan ‘Much Closer Than Most Think’, US Indo-Pacific Command Nominee Says – SCMPhttps://t.co/5QiIxIp7tN
— LiveSquawk (@LiveSquawk) March 23, 2021
EU set to tighten vaccine export rules amid UK tensions
UK's Sunak declares global deal on corporate taxation is within reach
Czech rate-hike debate is sullied by politics
Here's a rundown of your top economic news today https://t.co/T0S34vFvIk— Bloomberg Economics (@economics) March 24, 2021
#Europe #Covid_19: Daily Summary (March 24th)
Special focus on ⚠ #France ⚠
Data for #Germany, #Spain and #Italyhttps://t.co/6HZxUw0bKE
— Christophe Barraud (@C_Barraud) March 24, 2021
Poland reports record new Covid-19 caseload as the pandemic’s third wave pushes the government toward tougher restrictions https://t.co/31AzMlUGer
— Bloomberg Asia (@BloombergAsia) March 24, 2021
Italian Prime Minister Mario Draghi says he hopes to ease the country’s lockdown after the Easter holidays if pandemic conditions allow for such a move https://t.co/8W3HPSJ9pc
— Bloomberg Economics (@economics) March 24, 2021
#GERMANY TO DROP PLAN FOR FIVE-DAY EASTER LOCKDOWN – BBG
— Christophe Barraud (@C_Barraud) March 24, 2021
German Chancellor Angela Merkel’s cabinet approves the government’s budget plans for this year and next, including an extra 60 billion euros in net debt for 2021 https://t.co/g2Rj5SXMOx
— Bloomberg Economics (@economics) March 24, 2021
#Eurozone | Markit: March Export orders rose especially sharply, rising at a pace rarely exceeded in the survey’s history due largely to an unprecedented increase in #manufacturing, in turn led by a record rise in #Germany.
*Link: https://t.co/TEbfuaIgNL— Christophe Barraud (@C_Barraud) March 24, 2021
Private-sector activity in the euro area unexpectedly grows for the first time in six months, fueled by a record increase in factory output https://t.co/yebaCN7d1B
— Bloomberg Economics (@economics) March 24, 2021
President Emmanuel Macron expressed concern that Turkey will attempt to influence upcoming French elections https://t.co/AKywhOr7YQ
— Bloomberg Asia (@BloombergAsia) March 23, 2021
EU-China deal grinds into reverse after tit-for-tat sanctions https://t.co/cRTrwWWDKC pic.twitter.com/4w0Cm2vhuX
— Reuters Business (@ReutersBiz) March 23, 2021
#Suez Canal traffic jam — Evergreen Marine's "Ever Given" stuck in the canal above Port Said. 400m ship seems fully laden. @Samir_Madani @TankerTrackers reporting 10m barrels of Saudi, Russian, US and Omani crude parked. #OOTT Oil up $1+ after recent selloff pic.twitter.com/fLHxITGOE5
— John Defterios (@JDefteriosCNN) March 24, 2021
WHOA! Thanks @AuroraIntel for the photos! This won’t be a quick fix, it seems. pic.twitter.com/IjsPKWs3Sz
— TankerTrackers.com, Inc.⚓️ (@TankerTrackers) March 24, 2021
Attention news organizations: This is our press handout satellite photo captured yesterday by @planetlabs, with AIS maritime data from @MarineTraffic. Research by @TankerTrackers. Thank you! #OOTT #EverGiven #SuezCanal pic.twitter.com/Usqu5RSqFf
— TankerTrackers.com, Inc.⚓️ (@TankerTrackers) March 24, 2021
⚠ Week Ahead – w12 (2021) ⚠https://t.co/peSL9kWNBa
— Christophe Barraud (@C_Barraud) March 22, 2021
U.S. Economic Growth Will Easily Top 6 Percent In 2021
U.S. High Frequency Indicators Point To A Sharp Economic Rebound
U.S. Total Excess Personal Savings Will Be A Massive Economic Boost From 2Q